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Hi pennystocks. Indeed - I agree that a Tory victory is not a foregone conclusion, as this may backfire on Theresa May. We shall see! On a brighter note, it's interesting to see the trades being made - I noted late yesterday that someone bought 1.5m shares, and some fairly hefty buys of 50,000 shares a time have occurred today. I also wonder whether a "tree-shake" is going on...!
Re: polling. I'm not sure I agree here either, the polls are usually done in the run up to the end of a full-term election. I think there could be a huge realisation here by those who didn't vote, couldn't be bother to vote last time and seeing the inevitable happen use there chance to change course. You've got Corbyn firing at the echelons of power and elites with an anti-establishment campaign, this is what he has been waiting for. Tories want him gone, and so do the Blairites. This is going to be an election like no other, May's played right into Corbyns hand, thats my fear as someone here from a business background and pro business. Already he's tickled the public with £10 minimum wage, thats a 33% increase effectively, thats going to drive a lot of voters, and everyone who was kicking their teeth over Brexit last time i.e. 48% of the voters are going to come out in force. No wonder the markets are spooked right now, you thought brexit was bad. If anything it's going to be very interesting watching events unfold. Who'd of thought politics was actually interesting! As always, winners and losers.
Hey now come on, we didn't think Trump would get in, he did. We didn't think Brexit would happen, it did. Anything can happen, I see the outcome as 50/50. Either Conservatives will be re-elected, or they won't. I don't care about probability right now but i'm stalling any further investment in IGAS until those uncertainties have cleared. I'm fed up of the anti-fracking crusade out there amongst the parties be it GP, LAB, LIB's, tories is good for business all-round, and with brexit on the horizon we need home-grown energy more than ever to protect the national interest. Corbyn is going to put up a fight and lure votes by any means possible, I'm not convinced May has played her cards right this time round. Another can of worms opened. Fingers crossed this will be back onto recover after the election.
There is no chance Labour will win. They are a basket case whilst being led by Corbyn. May has done the right thing in calling for the election. A Conservative win will bolster fracking as 5yrs in power is more than sufficient to have tried and tested the foundations of the industry. Perhaps a bit of short term volatility but a good price for long term stability. What we do need is a stronger Conservative voice supporting UK onshore O&G.
I 'm a labour party supporter but i'm voting Tories in this snap election A vote for labour is a wasted vote. Jeremy Corbyn won't win F all! Igas will survive, so, come on frackers!
Hi pennystocks. I entirely agree. The Tories are the only mainstream party advocating fracking. Along with Labour under Corbyn, I noted recently that the Lib Dems through its spokesperson Lynne Featherstone are against fracking as well. What therefore are the odds of a Tory victory, says he who is invested in IGAS? Well pretty high, if the opinion polls are right. And with a poll today putting the Tories on 48%, there will be something abhorrently wrong with opinion polling if the Tories lose the election. (I must confess to being highly annoyed with Theresa May for calling this snap general election, from a pure IGAS investment perspective. In my mind, IGAS was always going to be a high-risk investment but had thought that, now that it had got its balance sheet sorted it out, it would have time to re-establish itself alongside a gradual acceptance of fracking by the public before the originally-planned general election in 2020. Having unexpected political uncertainty added in at this stage is therefore unwelcome. That said, for me, the investment case in IGAS remains compelling provided the Tories win this snap election. So, I guess the message to IGAS investors is to be prepared for a roller-coaster ride until the election is over and done with.)
Share price reacting negatively to the general election coming up it seems, can see 4.4p back on the cards. If Labour get in, thats my investment down the pan here, please, god no. We need tories to give the green light to fracking and actually make some progress in this bloody country. Then IGAS will really start to move.
Not sure there's much wrong with the management. Igas took on a lot of debt in expectation of $100 oil and a rapid move ahead with the onshore shale industry. They were not alone there. They were incredibly unlucky to be stymied by the Saudi oil glut and the Preece Hall shale debacle. They got rid of AA fairly rapidly and have worked the complicated refinancing very efficiently. Even the previously sceptical Tom W seems to have been impressed. What I've heard from the CEO and the COO in the past gave me the impression of calm competence.
Hi investors55 For what it's worth, I think market sentiment may keep the share price down for the time being. I've learnt, often the hard way, that how the market views the quality of management can have a significant effect on the share price. In my view, Igas is a company that narrowly avoided going bust because it was able to re-structure its largely self-inflicted debt problem. How will the market view this? Not kindly initially, in my opinion. The Igas management now need to demonstrate that they can deliver. Two obvious tests for me on whether they will succeed are: 1) can they drive up revenues? 2) over time, can they initiate share buyback programmes to reduce the massive dilution in shares that has taken place to enable the debt/equity swap? Once the management can demonstrate beyond doubt their competence in driving the company forward, then I would expect to see market sentiment change positively with a consequential lift in the share price. (For the record, I've been invested in Igas since 2012 and intend to remain invested for the long-term.)
they never really had a case based on a point of law. It was all dressed up because they disagreed with the merits of the decision, which is not challenge-able. Usual bully tactics of swampy's love-children.
Oh I imagine that some investors and market skimmers have been waiting days for this SP to move even slightly upwards, not to mention automatic computer related buys and sells. We can reasonably see that the news is better today than it was yesterday, and that probably sets the long term trend upwards
Large buys with serious money and average PI Joe is selling down in small chunks ....... what ever happen to the follow the money statement lol
I cannot comprehend why the sp is going down instead of going northwards? Patience is a vitrue so they say!!!
By the drop given todays news but chance for a cheeky top up for myself there, GLA Firwood
Just imagine what the SP when real news comes out about progress on the fracking projects ...... all the bond holders have seen something they like to take a deal on the shares so something must be close IMO.
#Vernony: wohoo, it's a good read, thanks buddy. Come on you FRACKERS!!!
and there have been other spin-offs too, such as road transport Fact; Burning of fossil fuels increases green house gasses and leads to global warming ?! Shale gas however is less polluting than petroleum and can be used to fuel cars. Fact. Global warming will cause coastal flooding ?! It is regrettable that Greenpeace and Friends of the Earth, seem to imagine that there is an OPTIMUM climate for the earth. There is not, and there never has been. In the past 750,000 years Great Britain has suffered four major ice ages, some of which lasted more than 100,000 years. The last one ended just a scant 11,000 years ago. So it is clear that the Earth naturally cycles between warm and cold. logically as the world warms up after each ice age, huge areas of land, currently in places like Greenland, North Canada+ massive areas of Northern Siberia, and islands close or near the South pole will become newly productive of prolific plant matter. These plants need CO2, which they convert to sugars, and oxygen thus, they will be extracting CO2 from the atmosphere in increasing amounts leading to CO2 depletion and a reversal of the global warming process, and the world cools down again, Natural cycling springs to mind ! So to which temperature would Greenpeace and Friends of the Earth wish the world to be pegged ? At 1,000,000 years ago, 250,000 years ago, 5000 years ago, 10 years ago, last week ? There is also a stromg theory that the Sun, itself, cycles a little between maximum and minimum output, so they would have to factor that in too. As for coastal flooding, Great Britain has been largely submerged many times in its history, visit any chalk pit, or limestone quarry, to see the evidence first hand ! Fact: We can preserve things as they are today ? That is poppycock ! It would require heavenly powers that are not readily available to focus groups. Fact: Because of the movements of the tectonic plates Great Britain and Scandinavia are being thrust North East, with its axis somewhere in Russia. Fact: In another 5,000,000 years, give or take a couple of seconds, Great Britain will be very near the North Pole and somewhere North of where Moscow is today, Eventually it will complete its long voyage to around about where Japan is today, and then most probably the whole country will be sub-ducted beneath the Pacific plate, and eventually be spewed out as lava in various parts of the world, to create new islands. During that time the world will have experienced several dozen warming up and cooling down periods ! Fact: Despite Greenpeace, Friends of the Earth, and Frackfree’s determinations as to how they alone can save the globe and humanity I am afraid that they cannot, ask any Dinosaur !
Hi, I have put forward a discourse on the subject of Fracking and the many myths which are propounded as if they were facts by the anit frackilng fraternity. Don't forget to sign the Parliamentary petition https://petition.parliament.uk/petitions/188962 Regrettably the discourse will lose format because it is pasted in , but basicall the word 'Fact' is in a column of its own to the left of its associated paragraph. Getting fracking and climate change into perspective Fact; Fracking is not new. Fact: Two million wells have been fracked worldwide. Fact: Two hundred have been fracked in the UK. Fact; Caudrilla never admitted to causing the minor earth tremors. Their statement was: ‘They probably caused the two small earth tremors’. Probably is not a fact and cannot be used a proof of an event. It could well have been phrased that way to shut down the media and the inevitable conspiracy theories if they had said nothing, or gave an outright denial. Fact; Great Britain suffers about 300 minor earth tremors every year, with a larger one about every four years. So can we be sure these were not natural tremors ? Fact; Despite alarmist statements no babies have been still born or suffered birth defects which are attributable to fracking. No water tables have been irreparably poisoned by fracking Fact; Leakage of methane from drill sites is negligible and would not be sustained because the objective of drilling is to sell the gas, not vent it to the atmosphere. Of course methane is ever present in our atmosphere, it bubbles up in marshy places and swamps all over the world . It has done this for millions of years, it is known by various names such as . Marsh Gas, Swamp gas and wil o the wisp, and in mines it is known as fire damp. Gas pockets are often penetrated accidentally when water wells are constructed. Fact: Physical industrial accidents apart, nobody has been killed by Shale gas. Fact: The owners of Shale exploration companies and their operatives are people too. They have wives and husbands, they have children, and grandchildren and uncles and aunts and parents and grand parents and nieces and nephews, and just plain friends. In other words they are the same as anybody else, thus not likely to wish to kill their families and friends. Fact; There are bound to be some minor events as a result of fracking, there is always some risk in any industrial enterprise. Certainly not on the scale of coal mining in the past. Any danger will be extremely small and local. Fact; Shale gas is not a game changer in the UK ? ! Prior to the development of Shale gas America, used to import 25% of all of the oil produced throughout the world. When Shale gas was exploited in America their requirement for overseas oil plummeted, causing a glut of oil on the world markets which halved the price of petrol. Just your car alone costs up to £30 a month less to run, and ther
Small PI sells offset with big buys ....... very interesting as the SP is looking very strong.
Protestors have lost their High Court challenge to Cuadrilla's planning permission, removing a hurdle to Cuadrilla's shale gas drilling initiative. Could be some read across gains for Igas and Egdon.
Back in October when this was announced. http://www.thisismoney.co.uk/money/markets/article-3825756/MARKET-REPORT-IGas-15-government-gives-green-light-Cuadrilla-begin-fracking-Lancashire.html GLA. Firwood
Interesting observations, MarktheSpark - which I agree with. I've been invested in Igas since 2012 and, like many, have felt the pain of the SP tanking due to their balance sheet troubles. Now, that the balance sheet is much stronger, I am much more optimistic about Igas's prospects (and it is reassuring that institutional investors like Kerogen and PLLG are visibly taking up sizeable positions). In addition to your analysis, I believe that Igas's prospects are dependent on two further factors: 1) that the UK Government remains committed to exploiting the shale gas potential in England; 2) that renewable energy costs remain prohibitively high relative to shale gas exploitation. On 1), it is certainly the case that David Cameron was very enthusiastic about shale gas; I've not heard much (anything?) from Theresa May, but the policy documents available from gov.uk are encouraging. If however Corbyn should be elected (negligible chance, IMO), then Labour are on record about banning fracking in the UK with, obviously, very negative consequences for Igas's share price. On 2), I saw a report recently on the BBC that the costs of renewable energy were coming down. If that trend continues, then this could be a game-changer where the environmentalists ultimately win with, again, negative consequences for Igas. Personally, I judge that shale gas still has the edge over renewables, given the success of shale gas in the USA and the knock-on geo-political consequences it has had to keep the conventional oil price in check (and OPEC tamed!). Hence, for now, I am happy to remain invested in Igas. That said, in my opinion, this remains a high-risk share for the reasons outlined above, and is one for the long-term.